Bored Apes Yacht Club Unveils On-Chain Verification Tool for Creators

The Bored Ape Yacht Club (BAYC), a popular NFT collection, has announced the upcoming launch of “Made by Apes,” an on-chain IP verification tool developed in collaboration with SaaSy Labs.

Bored Apes Yacht Club Unveils On-Chain Verification Tool for Creators

This tool aims to provide a seamless way for BAYC members to verify their creations and establish an official catalog within the club.

The tool, called “Made by Apes,” is designed to address the need for an on-chain solution to verify items created by club members using their intellectual property (IP) and establish an official directory for BAYC creations. This move is seen as a significant step towards enhancing the value and credibility of the BAYC community’s creative output.

Impact on BAYC Floor Price

The announcement of the new tool comes at a time when the BAYC NFT floor price is experiencing a downturn. Currently, the floor price stands at $64,225, down by over 90% from its all-time high of $600,000 in 2021.

Anticipated Launch and Community Response

The BAYC community and the wider NFT community are eagerly awaiting the launch of “Made by Apes.” Some members speculate that this tool could be the first step towards a decentralized autonomous organization (DAO) where holders take charge of the BAYC brand.

About SaaSy Labs

SaaSy Labs is a software development company that specializes in creating innovative solutions for the digital world. They work closely with their clients to develop custom software that meets their specific needs and helps them achieve their business goals. Their team of experts is skilled in various technologies and methodologies, ensuring they can deliver high-quality solutions regardless of the project’s complexity or scale.